The distribution of orange juice in Canada has experienced a decline over the years. From 98.0 thousand metric tons in 2013, the actual volume dropped to 75.58 thousand metric tons in 2023. The last two years, 2022 and 2023, saw variations of 0% and -4.34%, respectively. The last 5-year CAGR is -2.32%. Forecasts predict further declines, with the volume expected to reach 59.04 thousand metric tons by 2028, reflecting a forecast 5-year CAGR of -3.94% and an overall forecast 5-year growth rate of -18.23%.
Future trends to watch for:
- Increasing consumer preference for healthier and alternative beverages.
- Impact of global supply chain disruptions and climate change on oranges production.
- Fluctuations in pricing and marketing efforts by major players in the market.
